Market News
Recapitalisation: Shakeup looms as only 10% of BDCs comply - BUSINESSDAY
BY Hope Moses-Ashike
...Operators appeal to CBN for deadline extension, requirement review The deadline for the recapitalisation of Bureau De Change (BDC) operators is expected to end today, with less than 10 percent of the 1,500 licensed operators said to have complied. The Central Bank of Nigeria (CBN) had initially set the deadline for BDC recapitalisation on December 3, 2024, but later extended it by six months to June 3, 2025, to give operators more time to meet the new requirements.
